Breaking News Instant updates and real-time market news.

2016-10-13 14:09:20

14:09

10/13/16

10/13

14:09

10/13/16

14:09

Stocks still in red, but well off worst levels

Stocks remain lower in afternoon trading, but well off of their worst levels of the session. The Nasdaq is the biggest loser, with losses of about 0.4%, but that is significantly improved from its level earlier this morning. Crude oil is seeing a bit of a rebound and is back above the $50 a barrel level. Gold prices are also fractionally higher. The volume is relatively light today as investors remain sidelined awaiting the first round of earnings from the banking sector, which will be out before tomorrow's open.

UP AFTER EARNINGS: Cintas (CTAS), up 2.9%... Micron (MU), up 2.8%. ALSO HIGHER: Editas Medicine (EDIT), up 3.1% after it received the EMA's orphan medicinal product designation for EDIT-101... Twitter (TWTR), up 1.8% after it said it will start testing longer, 280-character tweets with a small group. DOWN AFTER EARNINGS: Nike (NKE), down 3.2%. ALSO LOWER: Kornit Digital (KRNT), down 12.2% after it cut its third quarter revenue guidance... Westlake Chemical Partners (WLKP), down 8.3% after it filed to sell 4.5M units for limited partners... Intra-Cellular (ITCI), down 7.2% after it filed to sell $150M in common stock... Ascendis Pharma (ASND), down 4.3% after it announced an offering of $125M of ADSs.